Sale of Former YMCA Lot in Ann Arbor Moves Forward

The City of Ann Arbor and the owner of the Campus Inn and Bell Tower Hotel have reached an agreement for the sale of the former YMCA property.

Dennis Dahlmann agreed to all of the conditions required by City Council in addition to his purchase price of $5.25 million for the property at 350 South Fifth Avenue.

Mayor John Hieftje says he's excited to have the sale moving forward and have the land providing income to the city and bring more vitality than a surface parking lot.

The sale is expected to close by the end of the year to meet the city's deadline to payoff an interest only loan on the property. Dahlmann will be required to build a project including ground floor retail, large plate office space, and residential units.

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WEMU's Andrew Cluley reports on the sale of Ann Arbor's former YMCA site moving forward.

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If a sale of the former YMCA site in Ann Arbor is completed with the owner of the Campus Inn and Bell Tower Hotel, the development will include retail, two floors of large plate office space, and residential space for the upper floors.

City Council last night unanimously passed a resolution for city staff to negotiate with Dennis Dahlmann who bid $5.25 million for the property.

CA Ventures increased their bid after the deadline, but council member Stephen Kunselman says it's important that city negotiates with the original high bidder.

Kunselman says it's been a decade that the city has been trying to decide what to do with this property so he's glad to see progress finally being made. After expenses are covered the city will commit proceeds from the sale to affordable housing.

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WEMU's Andrew Cluley reports on Ann Arbor City Council passing a resolution to negotiate the sale of the former YMCA property.

Starting in 2016 Ann Arbor's Downtown Development Authority will have new limitations on the tax increment financing revenue they can capture. After nearly a year of discussions Ann Arbor City Council has given final approval to an ordinance amendment that limits the tax increment financing revenue the Downtown Development Authority can collect. Last night, City Council voted 9 - 2 in favor of the change.

WEMU's Andrew Cluley has more:

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Andrew Cluley reports a a measure to chance the way the DDA is financed

Ann Arbor area residents have a chance to review and comment on six possible routes for a high capacity public transit connector service. The routes linking the Plymouth Road U-S 23 area to the University of Michigan, downtown Ann Arbor, and Briarwood Mall were shared at recent public workshops.